Rubicon Advisors GP bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor bought 3,447 shares of the company’s stock, valued at approximately $660,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Brookstone Capital Management lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.5% in the 4th quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after purchasing an additional 6,481 shares during the last quarter. Banta Asset Management LP bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $1,654,000. Empirical Asset Management LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 417.0% during the 3rd quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock worth $2,190,000 after buying an additional 9,311 shares during the last quarter. Allen Investment Management LLC increased its position in Invesco S&P 500 Equal Weight ETF by 32.8% in the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after buying an additional 35,220 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth $777,000. 61.18% of the stock is owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Stock Performance
RSP stock opened at $209.96 on Friday. The stock has a market capitalization of $90.58 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1 year low of $175.98 and a 1 year high of $214.30. The stock’s fifty day moving average is $205.05 and its two-hundred day moving average is $199.48.
Invesco S&P 500 Equal Weight ETF Company Profile
Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.
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